All Forum Posts by: Matthew Odou

Awesome. Thank you guys again for your help!

Hi everyone, 

I'm currently analyzing and pre screening small multifamily properties, but I have a quick, yet simple, question. Obviously using the 1% or 2% rule means that a $100,000 property should rent for $1,000 or $2,000 month. But if I'm analyzing a $200,000 triplex for example, how would you use the 1 or 2% rule on that? Would all the units combined equate to $2,000 or $4,000 a month? 

Thank you for taking the time to help me out with this! I appreciate everyone's feedback!

Hey @Julissa Keene! You're welcome! Ya I know, there is a lot of great advice in this thread. I am really grateful that these people went out of their way to give me and others their thoughts about which market is a great place to move and invest in. Best of luck in your search for where you to want to move and invest, too!

Hey @Alyssa Dyer I appreciate your input! I'll definitely have to check out OKC. Thanks for the advice! If I have any questions about OKC, I'll definitely let you know.

Hey @George Adkins thank you for your input! I agree that I've gotten a lot of great advice from everyone that has contributed thus far! I actually just read your post on the forum and I applaud your desire and willingness to try and move out of the super expensive Bay Area. It looks like we are both kind of in the same boat lol! 

Ya, so far my top 2 options to move and invest are Indianapolis and Memphis. They are both reasonably priced, have stable populations, have lots of job opportunities, and have great cash flow potential. But all of those markets you listed are also great I hear, so I don't think you can necessarily go wrong with any of them. I wish you the best of luck in where ever you choose to move and invest, and I look forward to seeing your progress! :)

Hey @Taylor Bishop I appreciate your advice and your input. I actually have not considered Virginia Beach as a potential market to move and invest in. I will do my research on the city for sure. Thanks again!

Hey @Chase Keller I appreciate your input! I'm definitely not opposed to moving and investing in Des Moines. To be honest, this is a such a hard choice for me because I've been hearing great things about Indianapolis, Memphis, and Des Moines. The final factor that would be a tipping point for me  to actually move and invest in a market would be if I had a job lined up, which is what I'm planning to pursue in the coming weeks ahead. And number 1 on my list is coincidentally a real estate agent. I know I would need to take the test and get licensed, but that would not be an issue. I just know that being a real estate agent would make the most sense for me as an aspired real estate investor mainly because of the flexibility and the networking opportunities. 

Hey @Raul Villanueva I actually never considered investing outside of the country even though I'm pretty sure Puerto Rico is United States territory. I feel like Puerto Rico would be an awesome spot for a vacation rental! I wouldn't be opposed to that once I'm a bit older and more experienced. What are your thoughts about that? 

Hey @Alex Craig thank you very much for your input! My top two spots to move and invest are Indianapolis and Memphis at this moment! Other than the cheap real estate prices in Memphis, why else do you think it is a great market to invest in? 

@Deniz Eker I appreciate your input. My goal is to actually land a job before I settle where I'm going to move and invest, so that I have that sense of security. And yes, I do plan on house hacking with a small multifamily property to eliminate that hefty housing expense. And if the property does appreciate by a lot due to value add rehab, then I will refinance into a 30 year conventional, so I'm hoping that it will be a house hack/BRRRR type of strategy.